Markets
markets
Luke Kawa

Were traders looking for any excuse to buy Nvidia?

Shortly before 11 a.m. ET, Barron’s reported that Nvidia CEO Jensen Huang completed the sale of 6 million shares of the chip maker that powers the AI boom earlier this month.

Soon thereafter, traders pounced. Over the next two hours and change, volumes in the stock ran 71 million shares above their monthly average for that period, and shares jumped more than 4%.

How bullish a development is this, really? It’s not like Huang’s pending sales were some kind of sword of Damocles hanging over the stock — it’s 6 million shares into a stock that has averaged over 334 million shares traded per session over the past month. And these sales were part of a plan, and the precise timing of the divestitures don’t represent any of Huang’s discretionary views on the stock.

Anyways, just goes to show that maybe traders were looking for any excuse, no matter how flimsy, to jump back into a stock that’s been an absolute powerhouse.

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Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

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markets
J. Edward Moreno

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

Luke Kawa
7/2/26
US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Luke Kawa
7/1/26
Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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